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10/30/25
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MG Properties has purchased Dockside Apartments, a 344-unit multifamily community situated within the Lakes at Kent master-planned community located in Kent, WA. The property, located at 23605 62nd Ave S, traded for $95.6 mil, or $277.9k/unit.
Dockside Apartments is a garden-style apartment community nestled along the Green River. Offering a unique blend of natural beauty and urban convenience, the property features spacious one-, two-, and three-bedroom residences, with modern interiors, open-concept layouts, and private outdoor spaces. Its scenic setting and proximity to Seattle make it a highly desirable retreat for residents seeking both relaxation and connectivity.
The community boasts an extensive suite of lifestyle amenities, including a resort-style swimming pool, three-level fitness center, clubhouse with lounge and kitchen, outdoor grilling areas, pet park, and more. Dockside Apartments aligns with MG Properties’ ongoing strategy of acquiring high-quality, well-located properties in strong West Coast markets.
The seller was represented by Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper from CBRE. Financing for the transaction was led by CBRE Capital Markets’ Troy Tegeler and Trevor Breaux. Dockside Apartments marks MG Properties’ 11th acquisition in the Seattle metro area and further reinforces its commitment to expanding its presence in dynamic, high-growth markets.
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